I didn't put NW into that deal. I agree that AA would covet NW Asian routes, but under my scenario it I believe AA would let DL get a hold of IAH so that AA could get EWR. CO's Micronesia network I just threw in. If the DL/NW deal gets done, I know AA won't let CO be involved with them, nor I would think UA and the rest would allow it. NW is not involved in my deal here at all, AA would benefit with CO by getting more enhanced European destinations from NYC plus an alternate for JFK. But and its a big but, would regulators let that be?
DL gets IAH, a retool to their failed DFW operation plus gain access to South America.
CO's Micronesia network would be a step closer on ore Asian routes, but covers a void in the North American/S. Pacific market. Alternate choice could be HA.
The BIG obstacle would be the Feds approving the EWR part, but DL could intervene with IAH as a trade. But what I stated here is just a proposal I would do, more complex of a deal than a AA-NW merger, but without the Asian Routes. If NW would sell off its Asian routes, it would be their Death sentence. Or they would need someone to merge the rest of the company with, but who would want an Asia-less NW?